Zynga Inc (ZNGA): Price Now Near $11.04; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for ZNGA

At the time of this writing, ZNGA (Get Ratings)’s price is up $0 (0.04%) from the hour prior. ZNGA has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

ZNGA ranks 180th in terms of today’s price percentage change out of Business Services stocks.

ZNGA’s Technical Outlook on the Daily Chart

Currently, ZNGA’s price is up $0.02 (0.14%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as ZNGA has now gone up 4 of the past 5 days. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows ZNGA’s price action over the past 90 days.

ZNGA

For ZNGA News Traders

News traders keeping an eye on ZNGA may find value in this recent story:

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